Starbucks Reports Strong Profits and Raises Forecast

Starbucks said its profit climbed 25 percent in the quarter as sales rose and its coffee costs eased.

The results topped Wall Street’s expectations, and the company raised its full-year guidance. Shares of Starbucks were up almost 7 percent in after-hours trading.

The chain, which has more than 19,000 locations around the world, said global sales rose 8 percent at cafes open at least 13 months, with all regions registering growth. In the United States, sales rose 9 percent.

Starbucks has been adjusting the products in its cafes to improve sales. In April, it introduced revamped sandwiches in new packaging that came with slightly higher prices; the new egg salad sandwich, for example, is $5.25, up from $5.15. Salads and grain bowls were also introduced at about $7.

The company has been testing new baked goods, acknowledging a lackluster reputation for its current offerings. It also announced that it was teaming up with Danone to jump into the yogurt business, with Greek yogurt parfaits planned for cafes by next year.